XAU/USD Signal And Analysis Ahead Of US Election
US Presidential Election, ISM, and Employment Reports are scheduled for the next week. And RBA also expected to lower their interest rate to 0.105 from 0.25%. All this news will have a big impact on the Gold Price movement.
President Trump Re-Elected means more political uncertainty, Big stimulate package over 3 trillion, and careless about covid-19 will help gold to rise. US30 will also rise at the same time.
If Biden wins in the election, the US may negotiate with other nations, political uncertainty may get some hope, Stimulate Package will be less than 1 trillion may help to drop Gold Price again.
Gold Sell Limit 1890-1905 Price Zone
SL: 1935.00 Price Zone
TP1: 1800.00
TP2: 1750.00
TP3: 1700-1680 Price Zone.
On The Other Hand,
Buy Stop 1935-1940 Price Zone
SL: 1890.00 Price Zone
TP1: 1980.00
TP2: 2010.00
TP3: 2050-2070 Price Zone.
I Do Expect More Drop-In the Coming Week..... But Never Forget It's an election week. So, Anything can happen.. So, Keep your lot small and follow money management.. Best of luck
President Trump Re-Elected means more political uncertainty, Big stimulate package over 3 trillion, and careless about covid-19 will help gold to rise. US30 will also rise at the same time.
If Biden wins in the election, the US may negotiate with other nations, political uncertainty may get some hope, Stimulate Package will be less than 1 trillion may help to drop Gold Price again.
Gold Sell Limit 1890-1905 Price Zone
SL: 1935.00 Price Zone
TP1: 1800.00
TP2: 1750.00
TP3: 1700-1680 Price Zone.
On The Other Hand,
Buy Stop 1935-1940 Price Zone
SL: 1890.00 Price Zone
TP1: 1980.00
TP2: 2010.00
TP3: 2050-2070 Price Zone.
I Do Expect More Drop-In the Coming Week..... But Never Forget It's an election week. So, Anything can happen.. So, Keep your lot small and follow money management.. Best of luck
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